Topic
Commodities
Commodities Benchmark Diesel Price Rises Third Week as Futures Plunge; Spread Hits Record
The DOE/EIA average weekly retail diesel price rose for a third consecutive week, gaining 17.9 cents to $5.313/gallon. Meanwhile, crude futures plummeted, with Brent settling at $88.36/b on Monday. The spread between ULSD and Brent reached a historic high above $2/gallon, driven by supply disruptions including Ukrainian drone attacks on Russian refineries and low Rhine River water levels.
Commodities Indian Government Limits Sugar Dealers to 400 Tonnes Stock Until November to Curb Hoarding
The Indian government has ordered sugar dealers to hold a maximum stock of 400 tonnes until November 30, requiring liquidation of excess by August 1. The move aims to curb hoarding and speculative trading amid a recent 15% rise in ex-factory prices. The government also banned sugar exports until September 30, while industry bodies project adequate supply.
Commodities TruAlt Bioenergy Q1 Net Zooms to ₹59.27 Crore on Higher Revenues, Capacity Expansion
TruAlt Bioenergy, India’s largest ethanol producer, posted a 12-fold jump in Q1 net profit to ₹59.27 crore as revenues surged 96% to ₹641.41 crore. Installed ethanol capacity grew 43% to 2,000 KLPD, with 65% now on dual-feed feedstock technology enabling year-round operations.
Commodities India’s cotton sowing crosses 100 lakh hectares as monsoon picks up, area expands in key states
India’s cotton sowing area has crossed 100 lakh hectares as the monsoon gathers pace across key producing states. Telangana, Andhra Pradesh and Madhya Pradesh have recorded increases compared to last year. Stakeholders report good crop condition and expect the area to surpass last year’s levels, with sowing window extended to August 25.
Commodities Guernsey Energy Prices Rise by 19% in a Year - Report
Energy prices in Guernsey rose 19% over the year ending June 2026, the highest among all categories, pushing overall RPI inflation to 4.3%. Retired households saw a 5.2% increase in their cost of living, according to a new report.
Commodities Lower maize acreage and sugar stock uncertainty shift focus to rice for ethanol in India
With maize acreage in top five producing states falling over 13% and sugar stocks expected very low at season end, India's ethanol blending programme is likely to depend more on rice. The government's target of 20% ethanol blending requires about 1,100 crore litres, and reduced broken-rice share in official stocks could boost feedstock availability. Fresh kharif arrivals are expected to strengthen supply.
Commodities Turmeric Prices Surge to Record Highs on Tight Supplies and Deficient Monsoon Rain Fears
Turmeric prices have surged to record highs, with the August NCDEX contract trading at ₹20,518 per quintal, as tight carry-forward stocks and fears of deficient monsoon rain due to El Nino drive bullish sentiment. Industry stakeholders report a hand-to-mouth supply situation and declining inventories, while exports show mixed signals.
Commodities Women Account for 60% of Indian Agricultural Workforce in 2025, Government Data Shows
Women constitute 59.8% of the agricultural workforce in India as of 2025, according to the Periodic Labour Force Survey. The government reports that 21.8 million women farmers received PM-KISAN benefits under the 23rd instalment. Additionally, tobacco exports have increased 53% in quantity and 166.5% in value over the past decade, with Flue-Cured Virginia tobacco farmers seeing an 86.8% rise in average price.
Commodities Eni and TotalEnergies Fast-Track Cronos Gas Project Offshore Cyprus for First Gas in 2028
Eni and TotalEnergies have taken the final investment decision to develop the Cronos gas field offshore Cyprus, with first gas expected in 2028. The project will transport gas to Egypt for liquefaction and export to Europe, supporting energy security and Eni's LNG portfolio expansion.
Commodities India Plans to Source Up to Quarter of 2027 LPG Imports From United States, Sources Say
India plans to buy up to a quarter of its liquefied petroleum gas (LPG) imports from the United States in 2027, according to three sources. The move would reduce dependence on the Middle East and help secure a trade deal with Washington. State refiners Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum are expected to issue tenders within one to two months for US LPG supplies.
Commodities Romania Maps Out 11.5GW Offshore Wind Pipeline in Black Sea Draft Decision
Romania has published a draft decision identifying 11 offshore wind concession areas in the Black Sea, with a combined potential capacity of 11.5GW. The plan is divided into three phases, including fixed-bottom and floating wind sites. The government estimates the sector could add €16bn to €27bn to the economy, and feedback is due by July 31.
Commodities Gold Prices Rise but Upside Capped as FOMC Decision Looms, July 28 Outlook
Spot gold traded 0.20% higher at $4065 on July 27, but fell from an intra-day high of $4116 as oil prices rebounded on geopolitical tensions. Weekly gain of 0.90% was supported by weak US durable goods data and rising Fed rate hike probabilities. Upside is capped by the upcoming FOMC decision.
Commodities Noble Reports $37M Net Loss on Rig Suspensions in Brazil and Black Sea Exit
Offshore driller Noble posted a $37m net loss in Q2 2026 as revenue fell to $679m, driven by the suspension of the Noble Faye Kozack and Noble Courage in Brazil and the end of the Noble Globetrotter I contract in the Black Sea. CEO Robert Eifler noted a $43m adverse impact from the Brazilian suspensions. Despite the weak quarter, Noble added $200m in new contract value and maintained a $6.8bn backlog.
Commodities L&T and Hitachi Energy consortium secures North Sea offshore wind transmission programme
Larsen & Toubro (L&T), in consortium with Hitachi Energy, has secured a framework cooperation agreement with TenneT for a 2GW offshore wind transmission programme. The deal covers six projects, including two ongoing and two new ones in the Netherlands and Germany, with cumulative capacity of 8GW at 525 kV. L&T will handle offshore converter platforms, while Hitachi Energy provides HVDC Light technology.
Commodities Saudi Aramco Considers New Asia Crude Pricing as Red Sea Disruption Raises Shipping Costs
Saudi Aramco is evaluating a new pricing mechanism for crude loaded from Egypt's Sidi Kerir port for Asian buyers to account for higher shipping costs after Houthi-imposed disruptions in the Red Sea. The diversion via the Suez-Mediterranean Pipeline and around the Cape of Good Hope could add about $5 per barrel to costs. Three sources with knowledge of the matter confirmed the consideration.
Commodities TGS Secures 100-Day Ocean Bottom Node Seismic Contract for AMME Region
Oslo-listed seismic specialist TGS has won a new 100-day ocean bottom node (OBN) contract from an undisclosed client in the Africa, Mediterranean, and Middle East (AMME) region. The project, mobilizing in Q4 2026, extends into 2027 and highlights TGS's integrated business model. Separately, TGS announced multi-client reprocessing work in Norway, Canada, and a new 2D-cubed project in Ghana.
Commodities Oil Prices Fall to One-Week Low as Hopes of US-Iran Breakthrough Ease Supply Concerns
Oil prices declined to a one-week low as expectations of a diplomatic breakthrough between the United States and Iran reduced supply worries. The development highlights the sensitivity of crude markets to geopolitical shifts in the Middle East. No specific price levels or volume data were provided in the report.
Commodities Crude oil futures fall on Trump’s ‘good talks’ comment on Iran
Crude oil futures declined on Tuesday after US President Donald Trump said the US was engaged in 'good talks' with Iran. October Brent fell 1.08% to $84.94, and September WTI dropped 1.14% to $81.67. Meanwhile, the Caspian Pipeline Consortium resumed oil lifting at its Marine Terminal.
Commodities Australia considers first new oil refinery in over 60 years to boost energy security
Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese announced, with A$4 million funding for a feasibility study by Perdaman. The move aims to reduce reliance on fuel imports, which cover 80% of domestic needs, amid Middle East war supply disruptions.
Commodities Global crude oil prices plunge around 7% after US and Iran pause military strikes over weekend
Global crude oil prices plunged around 7% on July 27, 2026, after the United States and Iran paused military strikes over the weekend. Brent crude traded 7.2% lower at $89.74 per barrel, while West Texas Intermediate fell 6.6% to $83.36 per barrel, according to News on AIR.
Commodities Indian Tobacco Board Slashes Crop Size by 43% as Glut Forces Farmers to Seek Alternative Crops
The Indian Tobacco Board has cut the FCV tobacco crop size for 2026-27 by 43% to 81 million kg for Andhra Pradesh and 44% to 51 million kg for Karnataka, responding to a market glut exacerbated by competition from Brazil and African countries. Farmers, while understanding the rationale, are scrambling for alternative crops and demanding action against unlicensed growers who distort prices.
Commodities India's 2026-27 pulses crop hinges on August-September rains, says IPGA chairman
India's 2026-27 kharif pulses crop size will depend on August-September rainfall rather than area sown, according to IPGA chairman Bimal Kothari. Sowing has picked up but overall acreage trails last year, with tur (pigeon pea) area down. Below-normal rains forecast could affect crop maturity, but current supply is abundant and prices are below MSP. Kothari warns that deficient rains could impact the rabi crop in 2027.
Commodities India's Kharif Sowing Deficit Narrows to Under 5% as 71% of Normal Area Covered
Indian farmers have narrowed the Kharif sowing deficit to less than 5% by July 24, covering 787.38 lakh hectares (71% of normal). While paddy, pulses, and oilseeds still trail last year's pace, the deficit has reduced sharply from 21% in early July. Agriculture scientists remain cautiously optimistic, though rainfall patterns in the next two months will be critical.
Commodities Shriram Farm Solutions signs MoU with IIVR to access breeder seeds for five vegetable crops
Shriram Farm Solutions, a division of DCM Shriram Ltd, has signed an MoU with ICAR-IIVR for transfer of breeder seeds for five vegetable crops: radish, spinach, pea, cowpea, and okra. The partnership aims to strengthen the company's vegetable seed development programme and introduce improved varieties focused on quality, productivity, and resilience.
Commodities India's average crude oil basket price plunges to $77.6/bbl in July from $114.5 in April
India's average crude oil basket price declined to $77.6 per barrel in July (up to July 22) from $114.5 per barrel in April 2026, according to the government. The drop, driven by easing geopolitical tensions in West Asia, is expected to support India's external sector and mitigate current account deficit pressures. The RBI has projected GDP growth of 6.6% and CPI inflation of 5.1% for 2026-27.
Commodities Oil price dives over 9% as US and Iran pause attacks, Brent drops below $88
The price of oil sank more than 9% on Monday, with Brent crude dipping below $88 a barrel, after the US and Iran paused attacks to give talks space. The fall follows last week's spike above $100 amid fears over the Strait of Hormuz and Houthi attacks in the Red Sea.
Commodities Monsoon Revival Defies July Fade-Out Forecast as Deep Depression Strengthens in Bay of Bengal
The Indian monsoon is staging a strong revival in late July, defying forecasts of a fade-out, as a deep depression in the Bay of Bengal drives widespread rainfall. National rainfall deficit improved to -15%, with Central India near normal at -3%. However, the resurgence has caused severe floods in Assam, with 68 casualties and over 6.5 lakh affected, alongside agricultural damage.
Commodities Crown Estate Launches Accelerated Tender for 1.5GW Morgan Offshore Wind Site in Irish Sea
The Crown Estate has launched an accelerated tender for the 1.5GW Morgan offshore wind site in the Irish Sea, following the withdrawal of EnBW and JERA Nex BP. Bidders will compete via a rising-clock auction for a site exclusivity fee, with potential developer selection by end of 2026. The project already has a development consent order from August 2025.
Commodities Gold Prices Rise Across Major Indian Cities on July 27, 2026
Gold prices in India rose across all major cities on July 27, 2026. The price for 1 gram of 22-carat gold increased by ₹70–₹85 depending on the city, while 24-carat gold rose by ₹74–₹90 per gram. Mumbai, Delhi, Ahmedabad, Bengaluru, Kolkata, Chennai, and Hyderabad all saw higher rates.
Commodities India's Power Demand Rises on Heatwaves; IEA Sees 7% Electricity Growth in 2026
India's electricity demand rose about 6% in H1 2026 led by heatwaves and strong industrial activity, according to the IEA. The agency forecasts 7% annual growth for 2026. Peak load hit a record 270.8 GW in May, but shortages more than doubled in Jan-May 2026 due to evening supply gaps.
Commodities Gold Price Prediction Today: Gold Rises but Upside May Be Limited Ahead of Fed Policy Decision
Gold prices started the week on a positive note as geopolitical tensions eased and the US dollar weakened, but gains are likely capped before the Federal Reserve's policy decision, according to Manav Modi of Motilal Oswal. Technical analysis shows gold trading between key Fibonacci levels, with immediate support at Rs 143,500 and resistance at Rs 147,700.
Commodities Saipem secures €800m in Ivory Coast offshore and Italy biorefinery contracts from Eni
Italian energy services contractor Saipem has been awarded two new contracts valued at approximately €800m ($913m): one for Eni's Baleine Phase 3 project offshore Ivory Coast and another for a deoxygenation unit at Enilive's biorefinery in Venice, Italy. These awards follow a $260m offshore drilling contract for Saipem's Santorini drillship, also from Eni Côte d'Ivoire.
Commodities Gold Prices Jump Over 1% as Easing Middle East Tensions Drag Oil Lower, Fed Decision in Focus
Gold prices jumped over 1% in early trade as hopes of de-escalation between the US and Iran pushed crude oil prices lower, reducing inflation concerns. Spot gold climbed 1.4% to $4,110.56 an ounce, while silver surged nearly 5%. The Federal Reserve's upcoming monetary policy decision is now the key driver for precious metals.
Commodities Crude Oil Falls as US and Iran Halt Weekend Strikes, Easing Geopolitical Risk Premium
Crude oil futures fell sharply on Monday morning after the US and Iran halted strikes against each other over the weekend, with Brent dropping 4.23% and WTI falling 4.90%. The de-escalation marked the first tangible signal of reduced hostilities after 13 days of strikes, though analysts caution that recovery hinges on lasting peace and safe navigation through the Strait of Hormuz. Meanwhile, Houthi attacks on Saudi Arabia's energy facilities continued, adding another layer of supply risk.
Commodities Oil Prices Tumble 5% on US-Iran Pause, Fueling Hopes of Diplomatic Breakthrough
Oil prices fell sharply on Monday after the US and Iran paused hostilities over the weekend, sparking hopes of a diplomatic solution. Brent crude dropped 4.52% to $92.41 a barrel, while WTI fell 4.81% to $85.01. The retreat follows three weeks of gains, though shipping through the Strait of Hormuz remains subdued.
Commodities Oil prices fall as US-Iran pause eases supply fears; Brent crude slips below $93
Oil prices fell in early trading Sunday, with Brent crude dropping 4.9% to $92.02, after the United States and Iran refrained from launching military strikes for a second straight day. The decline follows a 3.9% drop on Friday. US benchmark oil also fell 5.6% to $84.34. The brief easing of Middle East tensions comes after prices surged to a two-month high of $102 per barrel last week amid concerns over shipping through the Strait of Hormuz and attacks on Saudi tankers in the Red Sea.
Home Heating Oil Prices in Northern Ireland Jump £100 in Three Weeks on US-Iran Tensions
The average cost of 500 litres of home heating oil in Northern Ireland has risen by £98.78 (29%) in three weeks, reaching £445.37, according to the Consumer Council for Northern Ireland. The surge is attributed to escalating fighting between the US and Iran. About two-thirds of Northern Ireland households rely on heating oil, the highest proportion of any UK region.
Commodities Gold and Silver Await Fed Decision Amid Geopolitical Tensions and Crude Oil Volatility
Gold and silver ended last week on a stronger note, with Comex gold rising 1.3% and silver nearly 5%. This week, the Federal Reserve's interest rate decision, US-Iran tensions, and crude oil price movements will drive bullion. Analysts note range-bound trading amid geopolitical uncertainty and continued official-sector buying.
Commodities Russian Supply Disruption and Red Sea Threats Pose Fresh Risk to India's August Crude Imports
India's August crude oil imports face risk from Russian supply disruption after Ukrainian attacks on Novorossiysk port, as well as continued Houthi threats to Red Sea shipping. Russia, which supplies 50% of India's imports, saw July exports drop ~400,000 bpd MoM. Higher freight costs and shrinking discounts on Urals crude threaten to inflate India's import bill. Brent crude futures rose above $100/bbl on July 23.
Commodities Massachusetts Pilot Tests Electric Vehicles as Grid Batteries for Demand Response
A coalition of utilities and technology companies including Eversource, National Grid, EnergyHub, Sunrun, and the Mobility House has launched a pilot program in Massachusetts that allows electric vehicle owners to send energy back to the grid during peak demand events. The vehicle-to-grid (V2G) technology aims to improve grid reliability, integrate renewable energy, and create a new revenue stream for drivers. Lessons from the pilot could pave the way for widespread adoption, making electricity cheaper for all.
Commodities India's Next Commodity Cycle May Be Driven by Scrap as Organised Metal Recycling Gains Momentum
India's metals industry is undergoing a structural shift from mining towards recycling, driven by organised non-ferrous metal recyclers. A report by Ashika Institutional Equities Research highlights that secondary metals offer significant energy, capital, and carbon savings, while regulatory frameworks like Battery Waste Management Rules and Extended Producer Responsibility are accelerating formalisation. Lead offers strong earnings visibility, copper represents the largest long-term opportunity, and aluminium is a major decarbonisation play.
Commodities Punjab Farmers Embrace Sustainable Rice Cultivation to Combat Groundwater Crisis
Punjab farmers are shifting to sustainable rice cultivation methods like Direct Seeding of Rice (DSR) and Seeding of Rice on Beds (SRB) to address a severe groundwater crisis. The area under these methods has increased by 36% to 4 lakh acres this kharif, offering water savings of up to 60% while maintaining productivity.
Commodities Treated water, soil health, smart inputs: The real gains for Indian farmers
The article argues that water quality is the foundational issue for Indian agriculture, and that treated water, combined with nano-nutrients and biological soil treatments, can significantly improve yields and input efficiency. The author, Sunil Nanda, emphasizes that farmers adopt what works and that solutions must be affordable and proven at field scale.
Commodities India's Strategic Reserves Strategy: Crude Oil, LPG, and LNG for Energy Security
India is strengthening its energy security with strategic reserves for crude oil, LPG, and LNG. Current SPR capacity is 5.33 MMT (9.5 days of consumption), with plans to expand to 11.88 MMT. Experts advocate a three-tier policy: large physical crude reserves, distributed LPG reserves, and virtual LNG reserves to cover 90 days of consumption.
Commodities Grain-based ethanol gains momentum: What it means for India's blending programme
India's ethanol blending programme has crossed 717 crore litres cumulative supplies by June 2026, with grain-based ethanol contributing nearly 480 crore litres. The shift to maize and surplus grains provides resilience against crop failures, supports rural industry, and advances energy security.
Commodities How sustainability is becoming the fertiliser industry’s defining growth strategy
India's fertiliser industry, producing nearly 52 million metric tonne in 2025-26, is integrating sustainability into its core strategy. Advances in energy efficiency (36% improvement), water conservation (60% reduction), and circular economy practices are reshaping the sector, which relies heavily on imported raw materials. The industry aligns with UN SDGs while leveraging AI and ML for process optimisation.
Commodities India's Potato Seed Ecosystem: The Foundation for Future Farming Prosperity
India, the world's second-largest potato producer, suffers from a productivity gap with average yields of 28-30 tonnes per hectare, half of global leaders. A fragmented seed ecosystem and low Seed Replacement Rate (25-30%) are primary causes. Transitioning to an organized seed marketing system with digital intelligence can boost yields, reduce crop failure risks, and align with growing demand from frozen food and QSR sectors.
Commodities Beyond traditional crops: Why high-value nut farming could be the next growth opportunity for hill States
Indian hill states like Himachal Pradesh, Uttarakhand, and Jammu and Kashmir are poised to expand high-value nut farming, leveraging climate advantages and policy support. With domestic demand for nuts rising and a significant share met by imports, locally grown almonds and walnuts could capture market share. Recent budget announcements and sapling imports signal a shift toward scalable production, though infrastructure gaps remain.
India Imposes Six-Month Import Restrictions on Suspension Grade PVC Resin Below $0.766/kg
The Indian Directorate General of Foreign Trade has restricted imports of suspension grade PVC resin with a CIF value of $0.766 per kilogram or less for six months, with exceptions for 100% Export Oriented Units, SEZ units, and imports under the Advance Authorisation Scheme. The move follows an anti-dumping investigation by the Directorate General of Trade Remedies (DGTR) initiated after a complaint by domestic manufacturers Chemplast Cuddalore Private Limited, DCM Shriram Limited, and DCW Limited, alleging dumping from seven countries.
Commodities Govt proposes new electricity distribution licensees to use existing networks; pay wheeling charges
The Consultative Committee of the Power Ministry met on July 24, 2026, to discuss a proposal allowing new electricity distribution licensees to use existing networks by paying regulated wheeling charges. The Ministry aims to promote consumer choice and efficient use of infrastructure, but states and unions oppose potential cherry-picking of high-paying consumers. The proposal includes protections for incumbent licensees and universal service obligations.
Commodities Urad Acreage in North India Rises 8% on Recent Rains, Sowing Accelerates
Urad (black matpe) acreage in India has increased 8% year-on-year to 18.67 lakh hectares as of July 24, 2026, driven by recent rains in northern states. While Uttar Pradesh, Madhya Pradesh, and Rajasthan saw gains, Maharashtra and Karnataka recorded sharp declines due to delayed monsoon. Trade sources expect higher northern output to offset southern shortfalls.
Commodities Cabinet Approves Rs 3,030 Crore BHAVYA Rasayan Scheme for Three Chemical Parks
The Union cabinet approved the BHAVYA Rasayan scheme with a total outlay of Rs 3,030 crore to set up three dedicated chemical parks across India. The scheme, announced in the Union Budget 2026-27, will provide grants of up to Rs 1,000 crore per park, with state governments contributing at least Rs 500 crore each. The parks aim to boost domestic manufacturing, exports, and employment while promoting environmentally sustainable industrial development.
Commodities Cabinet Approves ₹3,030 Crore BHAVYA-Rasayan Scheme for Three Chemical Parks in India
The Indian Cabinet, chaired by Prime Minister Narendra Modi, has approved the BHAVYA-Rasayan Scheme with an outlay of ₹3,030 crore to establish three dedicated chemical parks. The scheme aims to promote the chemical industry along value chains, efficient resource utilisation, and lower logistics costs, with grants of up to ₹1,000 crore per park subject to state contributions.
Commodities NSE to launch India's first domestic benchmark-based natural gas futures on July 27
The National Stock Exchange (NSE) will launch trading in Indian Natural Gas Futures on July 27, 2026, India's first exchange-traded energy derivative linked to a domestic benchmark. The cash-settled contract, under symbol NATGASIND, is based on the Indian Gas Exchange's Gujarat (Dahej) hub price and aims to provide transparent price discovery and risk management for the domestic natural gas market.
Commodities How Scrap Is at the Centre of India’s Changing Metals Growth Story
India's next metals growth cycle will be driven by recycling rather than mining, with scrap emerging as the industry's most strategic resource, according to a thematic report by Ashika Institutional Equities. The report highlights regulatory support, growing demand from electrification, and the shift from informal to organised recycling as key drivers.
Commodities Global Steel Output Rises 1.7% in June 2026 Driven by Strong Regional Gains
Global crude steel production increased 1.7% year-on-year to 155.7 million tonnes in June 2026, driven by gains in Asia, the EU, and North America, according to the World Steel Association. First-half output fell 0.7% to 931.5 mt. India led the top five producers with 7.1% growth in H1, while Vietnam surged 27.5% in June.
Commodities 10% Monsoon Deficit Hits Kharif Output: Government Warns of Production Decline Risks
The Indian government stated that kharif foodgrain production declines when the all-India monsoon rainfall deficiency exceeds about 10%, citing major drought/El Niño years. Meanwhile, cotton production has fallen due to diversification, while spices parks processed over 52,000 tonnes and e-NAM interstate trade surged.
Commodities India’s open market rice sale norms will likely help meet 20% ethanol blending target
The Indian government revised its standard operating procedure for sale of rice to ethanol distilleries for the 2026-27 supply year, allocating 7.2 million tonnes from FCI stocks and fixing prices at ₹2,320 per quintal till October 31 and ₹2,390 after. Trade experts say the move will help meet the 20% ethanol blending target while utilizing aged stocks, though large diversion may affect non-basmati rice exports.
Commodities India Imports Over 32 Lakh Tonnes of Fertiliser in Q1, Secures Long-Term Overseas Supply Deals
India imported over 32 lakh tonnes of key fertilisers in the first quarter of the current financial year, supplementing domestic production of 115.72 lakh tonnes. The government is diversifying import sources through long-term agreements with Saudi Arabia, Russia, and other nations to mitigate supply chain risks.
Commodities India imports 25.08 lakh tonnes of urea in Q1, diversifies fertiliser supply sources
India imported 25.08 lakh tonnes of urea and 7.11 lakh tonnes of DAP in April-June 2025-26, according to government data. The Chemicals and Fertilizers Minister J P Nadda informed Parliament that the government is diversifying import sources, including long-term agreements with Saudi Arabia and Russia, to mitigate supply chain risks.